What is Needs Approach?
A needs approach is a way for a person to determine the right amount of life insurance coverage. This approach is based on budgeting for expenses, including funeral expenses, disposal of assets, and partial reimbursement of future income to support spouses or loved ones.
- Life insurance planning is used to estimate the amount of insurance coverage for individuals in need.
- Future expenses and loans and obligations such as mortgages or school fees are calculated in terms of needs.
- This theory differs from the broader view of human life in determining the potential value of one's work.
Literal Meanings of Needs Approach
Meanings of Needs:
Out of interest
Meanings of Approach:
Closer or closer in distance or time (to someone or something).
Usually with a suggestion or request, talk about someone for the first time.
Start dealing with (something) in a certain way.
A way to manage something.
The process of talking to someone for the first time, usually an offer or request.
The task of getting to or from someone or something remotely or at the right time.
Sentences of Approach
Near the train main line
The ministry contacted for financial assistance
We must approach this subject with caution.
We need a new approach to work
Contact the owner Developer
Winter is coming
Synonyms of Approach
edge nearer, draw close, come close, go near, get down to, address oneself to, motion, draw near, slant, launch into, speak to, begin, start, undertake, perspective, commence, come towards, proceed towards, engage in conversation, go nearer, draw nearer, coming near, get to grips with, outlook, appeal, go about, come nearer